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An insurance settlement offer includes annual payments of $36,000, $42,000, and $50,000 over the next three years, respectively, with the first payment being made one
An insurance settlement offer includes annual payments of $36,000, $42,000, and $50,000 over the next three years, respectively, with the first payment being made one year from today. What is the minimum amount you should accept today as a lump sum settlement if your discount rate is 7 percent? Multiple Choice -
$119,877.67
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$111,144.18
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$105,000.10
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$118,924.27
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$114,556.88
Multiple Choice
$119,877.67
$111,144.18
$105,000.10
$118,924.27
$114,556.88
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